SF Fed Pres.Mary Daly: Fed policy is in a good place. Fed can cut if needed

SF Fed Pres.Mary Daly says:

• Fed policy is in a good place.
• Fed can't cut rates if needed.
• The Fed wants to avoid holding rates all the way to 2% inflation.
• There is no imminent risk of the economy faltering
• If Fed were to cut to quickly, inflation can get stuck
• Risks of persistent inflation and economic downturn are even

SF Fed Pres.Mary Daly is a voting member on the FOMC board this year.